The Hartford Limits Coverage For Energy Companies, Cites Climate Change
Tuesday, January 7th, 2020 Excess & Surplus Lines Risk ManagementThe Hartford Financial Services Group Inc., citing rising worries about climate change, is limiting its insurance coverage of companies in the fossil fuel business.
The insurer is halting coverage of companies that post 25% or more in revenue from thermal coal mining and more than 25% of energy production from coal.
It also will not write policies or make investments in companies that generate more than 25% of revenue directly from extracting oil from tar sands.
External References & Further Reading
https://www.courant.com/business/hc-biz-the-hartford-climate-20200102-uluw33fvufgajhpzh6qgjm4zvi-story.html
